Parma, Italy-based Dreamfarm, a meals tech startup that produces plant-based alternate options to cheese, introduced on Monday that it has raised €5M in funding. 

The financing spherical was backed by two completed entrepreneurs — Giampaolo Cagnin, a serial entrepreneur who based Italiana Ingredienti, Campus, and Hello-Meals, and Francesco Mutti, the proprietor, and CEO of the Mutti Group.

“We invested within the venture as a result of we imagine there’s a actual alternative to revolutionise the sector, because of vital technological improvements and a fascinating and extremely recognizable branding on the shelf,” says Cagnin.

The Italian firm will use the funds to determine a manufacturing facility in Sala Baganza (PR), outfitted with particular equipment to optimise a novel and patented manufacturing course of.